Market competition in the downstream oil industry is there evidence of price asymmetry?

Casual observation that domestic gasoline prices increase immediately and more than proportionately when global prices rise, while they tend to decrease slowly and less than proportionately when global prices decline, has fuelled speculation that the major oil industry players are engaging in collus...

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Bibliographic Details

Published in:	The Philippine Review of Economics Vol. 51, no. 2 (December 2014), p. 1-20.
Main Authors:	Abrenica, Ma. Joy (Author), Danao, Rolando (Author), Mendoza, Ma. Nimfa (Author)
Format:	Analytics
Language:	English
Published:	[Quezon City] School of Economics, University of the Philippines 2014.
Subjects:	Price fixing > Philippines. Competition, Unfair. Restraint of trade.
Online Access:	https://forms.gle/KZjBv7aRtY6jiL5E9